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Established in 2006 as a Community of Reality

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An economist calls for deleting the three zeros from the dinar to strengthen the local currency

chouchou
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An economist calls for deleting the three zeros from the dinar to strengthen the local currency Empty An economist calls for deleting the three zeros from the dinar to strengthen the local currency

Post by chouchou on Tue 01 Dec 2020, 5:08 am

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Economic expert Raad Twig called , the central bank to delete the three zeros from the dinar to strengthen the local currency.

Twig said: It is known that the monetary mass in circulation is about 60 trillion dinars, which is not available with the Central Bank of Iraq, banks and the public, and it is a large monetary block compared to the economic transactions of the Iraqi economy and that a large proportion of this block suffers from compactness and therefore this does not help the Central Bank of Iraq in drawing a policy Effective cash calling on  the central bank to delete three zeros or gradual deletion of zeros to make the value of the dinar appear at a higher value and that the processes of evaluation and monetary balance will be formed quickly in the market economy. ”

He added: The monetary mass can become approximately 15 to 25 trillion dinars and the value of the new dinar converges to the value of the dollar, which facilitates the process of calculation and allows small and new denominations of cash to appear in the money market.

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Diamond
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Post by Diamond on Tue 01 Dec 2020, 5:58 am

Sounds like my kind of deal  lol! thanks chouchou

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weslin3
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Post by weslin3 on Tue 01 Dec 2020, 7:22 am

He added: The monetary mass can become approximately 15 to 25 trillion dinars and new dinar converges to the value of the dollar, which facilitates the process of calculation and allows small and new denominations of cash to appear in the money market.

Could be like the IMF suggested years ago... around $1.17 or so.

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An economist calls for deleting the three zeros from the dinar to strengthen the local currency Empty Re: An economist calls for deleting the three zeros from the dinar to strengthen the local currency

Post by Diamond on Tue 01 Dec 2020, 8:16 am

The first quarter of 2021  Dance banna2 banna3

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An economist calls for deleting the three zeros from the dinar to strengthen the local currency Empty Re: An economist calls for deleting the three zeros from the dinar to strengthen the local currency

Post by zimi31 on Tue 01 Dec 2020, 8:31 am

[You must be registered and logged in to see this link.] wrote:He added: The monetary mass can become approximately 15 to 25 trillion dinars and new dinar converges to the value of the dollar, which facilitates the process of calculation and allows small and new denominations of cash to appear in the money market.

Could be like the IMF suggested years ago... around $1.17 or so.

Wouldn't this be wonderful...praying it's so!!! After all these years, I would gladly take whatever they are offering and never look back...    thumbs

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weslin3
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Post by weslin3 on Tue 01 Dec 2020, 8:45 am

Me too zimi! flower

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Stevethebrit
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An economist calls for deleting the three zeros from the dinar to strengthen the local currency Empty Re: An economist calls for deleting the three zeros from the dinar to strengthen the local currency

Post by Stevethebrit on Tue 01 Dec 2020, 1:08 pm

[You must be registered and logged in to see this link.] wrote:Me too zimi! flower
Certainly go a long way to forgetting 2020 thats for sure.

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zimi31
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An economist calls for deleting the three zeros from the dinar to strengthen the local currency Empty Re: An economist calls for deleting the three zeros from the dinar to strengthen the local currency

Post by zimi31 on Tue 01 Dec 2020, 2:14 pm

[You must be registered and logged in to see this link.] wrote:
[You must be registered and logged in to see this link.] wrote:Me too zimi! flower
Certainly go a long way to forgetting 2020 thats for sure.

So true, although I doubt we will ever forget this crazy year, I hope I live long enough to know, as Paul Harvey would say...the 'rest of the story'!!! The one they have been selling...I am not buying     badboys

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An economist calls for deleting the three zeros from the dinar to strengthen the local currency Empty Re: An economist calls for deleting the three zeros from the dinar to strengthen the local currency

Post by jedi17 on Tue 01 Dec 2020, 8:40 pm

I swear that the only people who still post are the ones that responded to this post!!  Maybe this will happen, but I would bet that if we look back we will see other economists opinions which were never followed in Iraq....but I still have hope!

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weslin3
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An economist calls for deleting the three zeros from the dinar to strengthen the local currency Empty Re: An economist calls for deleting the three zeros from the dinar to strengthen the local currency

Post by weslin3 on Wed 02 Dec 2020, 10:46 am

I guess I may be the biggest fool here jedi. Was on IIF since 2004 then followed Neno here. But still hanging on. lol!

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